My first experience at labor was at about age 7 in my father's awning shop in Chicago. "Joey," he'd say, "sweep the floor." And, of course, I did.
Now, nearly 70 years later, as another Labor Day rolls, it seems a good time to reflect on labor, the different kinds of work and the economy.
The economy has been pretty good for well-off Americans. The stock market has been at all-time highs. I have watched my nest egg invested in stocks and bonds grow beyond my wildest dreams — steady gains giving me more money than I need in my senior years.
At the same time, I see young families at the bottom half of the economy struggling to make ends meet with low wages, high tuitions and scarce job training programs.
Some of my rich friends speak of how hard they worked, and how they deserve all the gains of the market with lower taxes from investments than workers pay for wages. That would make more sense if those at the bottom were making enough money to buy what they need.
They work hard, too, cutting down trees, picking up garbage and competing with foreign labor to earn their meager paychecks. They find themselves making half what they made before the Great Recession, if they are lucky enough to have a job.
So what are we doing to solve this labor-income problem? It seems we are taking a very dangerous route, that of entitlements.
Entitlement growth per capita has been nearly twice as fast as income growth per capita for the last 50 years (U.S. Bureau of Economic Analysis, U.S. Department of Labor, U.S. census). Entitlements have grown from 7.8 percent in 1969 to 17.6 percent in 2009. I'm sure it's gotten even worse in the last four years. We've got to not only stop the trend but try to reverse it with more people working.